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Concepts

Status: Built, runs on simulatorStatus: Not decided

The concepts explain how Merces connects income reports to payments, and where the current implementation still needs decisions.

This section separates a mathematical rule from the evidence behind it. A payment can follow the correct formula while an income source is incomplete. A tested contract can still depend on privileged keys. A finished simulator is not a deployed service.

Start with the information​

Covered and excluded income explains why the agreement must define what counts. The arithmetic receives a figure; it cannot classify a person's receipts.

What is public and who sees it maps the difference between public payment amounts, committed income, and documents shared with a reviewer. Read it before choosing what to disclose.

The glossary gives short definitions. The program reference, contract reference, events, and status reference show the current code surface.

Understand the calculation​

An issuer raises through a series. The threshold is an annual amount protected by the payment formula. Above it, the share rate determines the amount attributable to the outstanding units. A cap limits gross lifetime payments.

Worked examples elsewhere in this section use the same illustrative inputs. They are calculations, not forecasts of an individual's income or of what a backer will receive. The implementation rounds amounts in base units; an example's displayed currency amount can hide smaller fractions.

Pages awaiting decisions​

Complete local drafts cover Human Equity Units, the threshold, the cap, the Autonomy Charter, ProofOfIncome, fees, chains and stablecoins, raise styles, and roles. Those pages identify the unresolved rules that affect them. Their absence from a production build is deliberate.

Status: Not decidedIndependent audits have not started. The existing review was internal.

What can go wrong​

The committed proof setup is for development and must be replaced before production use. Open decisions also affect charges, payout allocation, and privileged powers. Understanding the mechanism does not remove those limits or make a simulator suitable for real funds.